Which of the Following Statements Is True

question 64

Multiple Choice

Which of the following statements is true?

• A)Consumer surplus measures the total benefit from participating in a market.
• B)When a market is in equilibrium, consumer surplus equals producer surplus.
• C)Consumer surplus measures the net benefit from participating in a market.
• D)Producer surplus measures the total benefit received by producers from participating in a market.

---

Definitions:

Direct IV

The administration of medication or fluids directly into a vein through a syringe or infusion set.

Sterile Water

Water that has been purified and sterilized, making it free from microorganisms and suitable for medical procedures or injections.

SDR

Special Drawing Rights, an international type of monetary reserve currency created by the International Monetary Fund.

Doxycycline Suspension

A liquid formulation of the antibiotic doxycycline, used for treating bacterial infections.